Roku Inc (NASDAQ:ROKU) Shares Sold by Whale Rock Capital Management LLC

Whale Rock Capital Management LLC decreased its stake in shares of Roku Inc (NASDAQ:ROKU) by 41.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,210,268 shares of the company’s stock after selling 871,854 shares during the period. Roku makes up 1.9% of Whale Rock Capital Management LLC’s portfolio, making the stock its 25th biggest position. Whale Rock Capital Management LLC’s holdings in Roku were worth $109,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Roku by 16.0% in the 4th quarter. Geode Capital Management LLC now owns 544,746 shares of the company’s stock worth $16,691,000 after purchasing an additional 75,051 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Roku by 0.6% in the 1st quarter. Rhumbline Advisers now owns 55,926 shares of the company’s stock worth $3,608,000 after purchasing an additional 340 shares during the last quarter. Comerica Bank grew its stake in shares of Roku by 8.1% in the 1st quarter. Comerica Bank now owns 16,007 shares of the company’s stock worth $938,000 after purchasing an additional 1,193 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Roku in the 1st quarter worth approximately $223,000. Finally, New York State Common Retirement Fund grew its stake in shares of Roku by 3.2% in the 1st quarter. New York State Common Retirement Fund now owns 125,476 shares of the company’s stock worth $8,094,000 after purchasing an additional 3,890 shares during the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Roku stock traded down $3.89 during trading on Tuesday, hitting $103.48. The stock had a trading volume of 18,452,236 shares, compared to its average volume of 19,647,356. The stock has a 50 day simple moving average of $137.00 and a 200 day simple moving average of $96.72. The company has a market capitalization of $12.56 billion, a PE ratio of -1,293.50 and a beta of 1.76. Roku Inc has a 1 year low of $26.30 and a 1 year high of $176.55.



Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.14. The business had revenue of $250.10 million for the quarter, compared to the consensus estimate of $223.36 million. Roku had a negative net margin of 2.41% and a negative return on equity of 6.77%. The firm’s revenue for the quarter was up 59.5% on a year-over-year basis. On average, sell-side analysts predict that Roku Inc will post -0.5 earnings per share for the current year.

ROKU has been the topic of several recent research reports. Zacks Investment Research cut shares of Roku from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Vertical Group raised shares of Roku from a “mixed” rating to a “positive” rating in a research note on Wednesday, August 7th. BidaskClub raised shares of Roku from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Loop Capital lifted their price objective on shares of Roku to $80.00 and gave the stock a “sell” rating in a research note on Thursday, August 8th. Finally, Cannonball Research set a $105.00 price objective on shares of Roku and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Roku has a consensus rating of “Hold” and a consensus price target of $112.98.

In related news, SVP Mustafa Ozgen sold 9,989 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $164.79, for a total transaction of $1,646,087.31. Following the completion of the sale, the senior vice president now directly owns 9,989 shares in the company, valued at $1,646,087.31. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mai Fyfield sold 306 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $140.08, for a total transaction of $42,864.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 193,419 shares of company stock worth $23,925,946. 22.70% of the stock is currently owned by insiders.

Roku Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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